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A New Capital
For a Capitalist Russia

By

Alexei Bayer

Updated July 15, 1997 12:01 a.m. ET

In the early 1980s, Russian dissident writer Vladimir Voynovich wrote a satirical dystopian novel, "Moscow 2042." It was a biting description of a Soviet society of the future, in which a sordid communism built in a single city is walled off and separated from the rest of a hostile country. Just the opposite is happening in Russia today. A prosperous, capitalist state has been created in the midst of an economically depressed, and...